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Current Attempt in Progress Sheridan Distribution markets CDs of the performing artist Unique. At the beginning of October, Sheridan had in beginning inventory 2,000 of
Current Attempt in Progress Sheridan Distribution markets CDs of the performing artist Unique. At the beginning of October, Sheridan had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Sheridan made the following purchases of Unique's CDs. Oct. 3 2,500 @ $8 $9 Oct. 9 3,500 Oct. 19 Oct. 25 3,000 (@ $10 4,000 @ $11 During October, 10,850 units were sold. Sheridan uses a periodic inventory system. ive solved for part A, please help me do the rest. thank you! Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 1,250.) Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? (1) produces the highest inventory amount, \$ (2) produces the highest cost of goods sold, \$ Sheridan Distribution markets CDs of the performing artist Unique. At the beginning of October, Sheridan had in beginning inventory 2,000 of Unique's CDs with a unit cost of \$7. During October, Sheridan made the following purchases of Unique's CDs. During October, 10,850 units were sold. Sheridan uses a periodic inventory system
Current Attempt in Progress Sheridan Distribution markets CDs of the performing artist Unique. At the beginning of October, Sheridan had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Sheridan made the following purchases of Unique's CDs. Oct. 3 2,500 @ $8 $9 Oct. 9 3,500 Oct. 19 Oct. 25 3,000 (@ $10 4,000 @ $11 During October, 10,850 units were sold. Sheridan uses a periodic inventory system.
ive solved for part A, please help me do the rest. thank you!
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